(DOWNLOAD) "Detroit Bank & Trust Co. v. United States" by United States Court Of Appeals For The Sixth Circuit # eBook PDF Kindle ePub Free
eBook details
- Title: Detroit Bank & Trust Co. v. United States
- Author : United States Court Of Appeals For The Sixth Circuit
- Release Date : January 01, 1972
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 64 KB
Description
This appeal concerns taxation of the estate of Fred W. Ritter. On April 9, 1964, being then in apparent good health, he entered into a trust agreement with The Detroit Bank and Trust Company as trustee, by which he transferred $9,600 to a trust to acquire $100,000 of insurance on his life, with the beneficiaries of the insurance to be his children. The trust was irrevocable and nominally beyond his control, but it provided for him to continue to make contributions to the trust for the payment of life insurance premiums, and its terms confined the trustees to expending the funds solely for the described purpose. Ritter died about six months later on October 6, 1964.